Gift retailer Past Times has fallen into administration and confirmed 507 staff were made redundant before the move.
The private equity-owned group, which shut 46 stores and 72 temporary stores last week, said KPMG had been appointed as administrator to the loss-making business following weak trade.
There were an additional 67 job cuts comprising 30 from the Past Times head office in Witney, Oxfordshire, and 37 from its warehouse, leaving a central workforce of 31.
The remaining business, comprising 51 stores and 500 employees is continuing to trade under the control of the administrators in the short term with an "orderly wind down" planned in the event a sale cannot be sealed.
Past Times made the announcement as clothing retailer Peacocks revealed it planned to appoint administrators to the business, raising doubt over the future of 11,000 positions.
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